Wind power major, Suzlon Energy has revised its offer price for REpower Systems to 150 Euro per share, with an acquisition of 7.7 per cent stake in the German firm.
The company has purchased 627,000 shares constituting 7.7 per cent of the pre-capital increase share capital of REpower Systems AG, at a price of up to Euro 150 per share, Suzlon Energy informed the Bombay Stock Exchange.
Suzlon Energy said its wholly-owned subsidiary, Germany-based SE Drive Technik GmbH and a company acting in concert with Suzlon Windenergie GmbH, its another step-down wholly owned subsidiary has acquired the said equity shares.
Earlier in March, French nuclear reactor maker Areva offered 140 euros per share for REpower, raising its previous offer of 105 euros by a third, to top Suzlon's bid of 126 Euro per share.
Read more in The Economic Times artticle.
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